The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-26
CONDITION OF THE MARKETS
Wheat Declines Sharplyat the Opening,
but the Fall Is Speedily Checked.
Enormous Trading in Corn at Higher Prices
Oats Active, with an Advance in Prices
Provisions Active at Better Prices.
MONEY, BONDS AND STOCKS.

@Duu Day. Neither "BuI,s, Nor Bears" Be-
inr Able to Secure Any Advantage.
NEW YORK. Nov 25-Money on call loaned
Vt Al TO 10 per Cont, closing offered at 6 per
lent
Prime mercantile paper, Gas per cent
Sterling exchange dull and rather heavy
1t 81 sl2 for sixty-dsy bills. and 81 S5t for de-
nand.
The total sales Of stocks to-day were 2s1, 265
shares. including the following: Delaware.
Lackawanna Western, 6,505: Delaware 81
Hudson. 1924; Erie, $780, Lake Shore, 9.035;
Louisville e. Nashville IL, $50; Missouri Pacific.
4.267; Northwestern. $500; Northern Pacific
preferred, $500 Oregon Transcontiuental. o.
220; Pacific Mail 700; Reading, 4,3l3; ST. Paul,
q, $50; Union Pacific, %, 250 Western Union,
1880
The stock market to-day, as has been the
custom during the week. had a new leader to
show the upward way, but the net result OF the
nay's dealing was Disappointing to the bulls"
md almost equally so to the bears" 1t was
dol all dav long. and, though firm during the
greater part OF the day, demonstrations against
the lis: in the early morning and toward the
close neutralized the gains in a majority of the
general list There was slim attendance
at the board which encouraged traders
TO attack the list, beside which
both London and Chicago sellers of
their specialties. The transcontinental stocks
were Ln9 ufSb 10 Dredk the mobOUO0y, oFeROu
g. Transcontinental moving mp on buyng. which
was based on the rumor that Mr. Dillon would
accept the presidency of the company. North
ern Pacific followed purchases being stimulated
by the hsttering prospects opened up by the
floating % the new loan, and Pacific Mail shared
in the improvement. because of the rumors OF
more advantageous and closer relations with the
transcontinental roads. The shorts became
nervous, and those in New England started in TO
cover. which had the effect of sharply advancing
she price of the stock. and the movement was
Of short duration. The money market was again
brought in as factor. late in the day, and rates
were bid up to 10 per cent, under which inf1u-
ence the gains in the general list melted away
and most stocks closed lower than ON Wednes-
day. The opening was weak at declines extend
ing to per cent, and further losses were sus-
Gained in the first hour Western Union and
Richmond g. West Point being most conspicu-
pus in the declines. There was some inn
and later the transcontinental stocks made
sudden spurt which was sympathized IN by the
general list to limited extent. New England
also made a sharp advance in the afternoon, fol-
lowed by Western Union and Delaware 81 Hud-
son, while further gains were made the
toward 2 p. NJ. and the market continued to
1roop from that time, closing quiet and weak.
generally at close to first prices. NotwIrhstand-
ing the sharp advances made in several stocks.
only one, Delaware & Hudson, retained more than
q fraction at the close, and a majority of the
list went lower. ST. Paul leading with loss of J.
Railroad bonds were dull but firm; sales, $780,
900. Rock Island regular sizes rose 2. to 1873:
Illinois Central tours, 3d. to 100; Mining polis 81
Northwest fves, 9. 70 10l; Iron Mountain fives
q TO g. and Alton g. Terre Haute dividends g
TO AZ L, b. & w. certificates lost p at 904.
Government bonds were dull and steady.
State bonds were dull and steady. Closing
afi rar